Question
PLEASE SHOW WORK A shoe store carries mens shoes, womens shoes, and childrens shoes. Comparing their numbers (see table), calculate GMROII for each department. Which
PLEASE SHOW WORK
A shoe store carries mens shoes, womens shoes, and childrens shoes. Comparing their numbers (see table), calculate GMROII for each department.
Which department is most productive in creating a return on the stores inventory investment?
Which department is least productive?
| Department | Gross Profit $ | Avg. Cost Inv. $ |
| Mens | $100,000 | $12,000 |
| Womens | $125,000 | $18,000 |
| Childrens | $115,000 | $12,500 |
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The Mcgraw Hill 36 Hour Course In Finance For Non Financial Managers
Authors: Robert Cooke
2nd Edition
0071425462, 978-0071425469
